FHOFX vs. QQQ
Compare and contrast key facts about Fidelity Series Large Cap Growth Index Fund (FHOFX) and Invesco QQQ (QQQ).
FHOFX is managed by Fidelity. It was launched on Aug 17, 2018. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHOFX or QQQ.
Key characteristics
| FHOFX | QQQ | |
|---|---|---|
| YTD Return | 20.82% | 15.46% |
| 1Y Return | 33.13% | 28.15% |
| 3Y Return (Ann) | 9.39% | 8.77% |
| 5Y Return (Ann) | 18.92% | 20.70% |
| Sharpe Ratio | 1.92 | 1.58 |
| Daily Std Dev | 17.09% | 17.69% |
| Max Drawdown | -32.62% | -82.98% |
| Current Drawdown | -4.66% | -6.27% |
Correlation
The correlation between FHOFX and QQQ is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FHOFX vs. QQQ - Performance Comparison
In the year-to-date period, FHOFX achieves a 20.82% return, which is significantly higher than QQQ's 15.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FHOFX vs. QQQ - Expense Ratio Comparison
FHOFX has a 0.00% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FHOFX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) and Invesco QQQ (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FHOFX vs. QQQ - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 0.67%, more than QQQ's 0.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.67% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.50% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
FHOFX vs. QQQ - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FHOFX and QQQ. For additional features, visit the drawdowns tool.
Volatility
FHOFX vs. QQQ - Volatility Comparison
Fidelity Series Large Cap Growth Index Fund (FHOFX) and Invesco QQQ (QQQ) have volatilities of 5.65% and 5.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.